AMP fails to reach a deal to sell part of business; ASX rises

  • 📰 abcnews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 83%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

A 30-day exclusivity period on a proposed deal between AMP and US firm Ares expires, as speculation around the AMP CEO's future continues. The local share market gains ground.

, before the company confirmed that the board and Mr De Ferrari were "constructively discussing the future strategy and leadership of the group", which will be further reduced in size if the private market sale eventuates.

The tariffs applied from yesterday and will remain in place for at least five years, after the final determination of anti-dumping and countervailing investigations by China's Ministry for Commerce. In February, Treasury announced a 43 per cent drop in half-year profit and said it expected "extremely limited" demand for its wine in China and would pursue other markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A failed board...should list AMP Capital on the market and give 51% of the shares to current shareholders. More value than a sale. Let the owners decide

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX to rise after Easter as US stocks hit new highs and Tesla surgesThe benchmark closed up on Thursday before the long weekend without trade on Friday and Monday. The ASX is up, down, up, down.... that's how it is, but in the end losses turn to gains as regards Super Funds. and you need look at Super of long terms of 10 years, patience is the key, NOT drawing money out of Super. so how long does the chocolate high last?
Source: abcnews - 🏆 5. / 83 Read more »

ASX climbs as US stocks hit fresh records on bad jobs dataThe Australian share market follows Wall Street higher following a boost from a negative US jobs report on Friday and surging commodity prices. Despite bad jobs data they can still receive unemployment(?) and can spend money mostly printed to chase after real goods, some that have reduced supply due to shutdowns. So yeah naturally prices are gonna go up on top of regular s/d effects last year and now. Anotehr thing Trump got wrong. And do listen to what Biden says....
Source: abcnews - 🏆 5. / 83 Read more »